Oil & Gas Industry

NNPC Signs 20-Year, 80mmscf/d Gas Supply Deal with Ssonic Petroleum for Lekki LNG Plant 

NNPC Signs 20-Year, 80mmscf/d Gas Supply Deal with Ssonic Petroleum for Lekki LNG Plant

NNPC Ltd, Nigeria’s state-owned petroleum corporation, has expanded its domestic gas supply strategy through a significant Gas Sale and Purchase… Read More

5 months ago

Seplat strengthens stakeholder engagement as part of governance overhaul

Seplat Energy, the dual-listed Nigerian oil and gas producer, has introduced structured engagement channels to ensure that shareholders, regulators, employees,… Read More

5 months ago

Explainer: Understanding Unitisation in Ghana’s Oil and Gas Sector – Lessons from the ENI-Springfield Case

On 26th February 2025, Ghana’s Ministry of Energy formally withdrew the Unitisation Directives that previously ordered the compulsory integration (unitisation)… Read More

5 months ago

Aramco’s $106B Profit Falls 12% in 2024, Posing Risks for Nigeria’s NNPC as Oil Prices Drop

Saudi Arabia’s oil firm, Aramco, reported a full-year profit of $106.25 billion in 2024, a 12% decline from the previous… Read More

5 months ago

Nigeria Slashes Oil Theft by 67% in 12 Months, But Security Threats Still Cloud Energy Future — Africa Energy Council

Nigeria has achieved a 67% reduction in crude oil theft over the past 12 months, a milestone described as a… Read More

5 months ago

NNPC Slashes Petrol Price to N860/Litre Amid Intensifying Price War With Dangote Refinery

The Nigerian National Petroleum Company Limited (NNPC) has slashed the pump price of Premium Motor Spirit (PMS), popularly known as… Read More

5 months ago

Oil Prices Recover on Positive Chinese Manufacturing Data — What It Means for the Naira

Oil prices bounced back in early trading on Monday, buoyed by positive manufacturing data from China that raised hopes about… Read More

5 months ago

Oando PLC Emerges as Preferred Bidder for Guaracara Refinery Lease

Oando PLC, Nigeria's leading oil and gas company, has been named the preferred bidder for the lease of the Guaracara… Read More

5 months ago

Oil Prices Drop to Two-Month Low as U.S. Fuel Stockpiles Surge

Oil prices tumbled to their lowest levels in over two months on Wednesday, driven by a combination of weakening U.S.… Read More

5 months ago

BP Strategy Reset: Prioritizing Oil and Gas Over Green Energy

Reversing its earlier ambitions, BP a British multinational oil and gas company, one of the world's oil and gas "supermajors"… Read More

5 months ago